By Aaron Schulze

Tisdale renews incentives for commercial growth

Dec 20, 2018 | 2:15 PM

Multiple commercial incentives for the Town of Tisdale were renewed during its council meeting on Dec. 20 to encourage economic growth in the community.

Some of the incentives include:

• 100 per cent tax exemption of increased assessment for three years for expansion or renovations of at least $50,000 for existing buildings
• 100 per cent tax exemption for three years for construction of new commercial buildings
• 50 per cent of the first year’s municipal taxes to a maximum of $2,000 and 25 per cent of the following year to a maximum of $1,000 for businesses starting in a commercial building which was vacant for at least six months

Brad Hvidston, Tisdale’s chief administrative officer, said the incentives are meant to give new businesses in town a break in their early years to help them get started and to establish new businesses.

The Town of Tisdale also renewed a storefront enhancement grant of up to 50 per cent but no more than $5,000 for renovations to encourage businesses along the highway and downtown on 100 St. and 100th Ave. to update their exterior look.

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“We’ve been investing a lot of money in our downtown to make it look better,” Hvidston said. “We decided we need to provide some sort of incentive to try and get the businesses to catch up and improve their storefronts on [those] streets as well.”

Business owners who want incentives will need a building permit registered by the Town of Tisdale by Jan. 1, 2019.

aaron.schulze@jpbg.ca

On Twitter: @SchulzePANow